3,500 Halliburton employees in Houston furloughed due to difficult oil market

HOUSTON, Texas (KTRK) — Halliburton announced it is issuing a compulsory furlough to 3,500 employees at its North Belt facility in Houston.

Beginning March 23, employees on the mandatory leave of absence will work one-week on, one-week off for up to 60 days. Employees will be paid for the weeks that they are on, but will not be paid for the weeks they are off. Employee benefits and health insurance will remain in place.

This decision comes due to recent difficulties in the oil market.